alt Hacker NewsI'm not sure FAANG does look good on a CV any more. The skill set to be effective in those environments is quite specialised and crucially it's very different to what you need in a lot of other software development organisations. There appeared to be a happy cycle for a while where very well paid devs working in one of the few FAANG or FAANG-adjacent companies could jump to one of the others because they were "in the club" and had experience of working at a truly global scale that most software never needs. Those days seem to be over with the mass layoffs and hiring limits. And if you're not working at that scale - and outside that small world almost nobody actually is - those skills aren't always very transferrable and other types of experience often have more value.
When I worked in aerospace one of the surprising things to learn was we had an unwritten 'max allowed' percentage of people hired from Boeing overall and applied to each team because we did not want to incorporate Boeing's culture. If I was still in management at a software company I'd probably apply that as a consideration with regards to FAANG. Even for those hired ex-Boeing had a much stricter vetting not on skills but personality/approach/vibe(?).